The exercise of the powers granted to the authority by this
article will be in all respects for the benefit of the people of
the state, for the improvement of their health, safety, convenience
and welfare and for the enhancement of their residential,
agricultural, recreational, economic, commercial and industrial
opportunities and is a public purpose. As the operation and
maintenance of water development projects are essential
governmental functions, the authority is not required to pay any
taxes or assessments upon any water development project or upon any
property acquired or used by the authority or upon the income
therefrom. Such bonds and notes and all interest and income
thereon are exempt from all taxation by this state, or any county,
municipality, political subdivision or agency thereof, except
inheritance taxes.

Note: WV Code updated with legislation passed through the 2014 1st Special Session
The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.